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            xlink:type="resource" xml:lang="it">Description of nature of financial statements</label>
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            xlink:type="resource" xml:lang="it">Period covered by financial statements</label>
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            xlink:type="resource" xml:lang="it">Level of rounding used in financial statements</label>
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        <label
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            xlink:type="resource" xml:lang="it">Explication des modifications du nom ou de tout autre mode d’identification de l’entité présentant les états financiers intervenues depuis la fin de la période de reporting précédente</label>
        <loc
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            xlink:from="ifrs-full_ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod"
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Prospetto della situazione patrimoniale-finanziaria [abstract]</label>
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        <label
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            xlink:type="resource" xml:lang="it">Immobili, impianti e macchinari</label>
        <loc
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            xlink:from="ifrs-full_PropertyPlantAndEquipment"
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        <label
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            xlink:type="resource" xml:lang="it">DiCuiAttivitaMaterialiVersoPartiCorrelate</label>
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            xlink:from="pvn_DiCuiAttivitaMaterialiVersoPartiCorrelate"
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            xlink:type="resource" xml:lang="it">DiCuiAttivitaMaterialiVersoPartiCorrelate</label>
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            xlink:type="resource" xml:lang="it">DiCuiPassivitaFinanziarieCorrentiVersoPartiCorrelate</label>
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            xlink:to="pvn_DiCuiPassivitaFinanziarieCorrentiVersoPartiCorrelate_resource" xlink:type="arc"/>
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            xlink:type="resource" xml:lang="it">DiCuiPassivitaFinanziarieCorrentiVersoPartiCorrelate</label>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Attività immateriali e avviamento</label>
        <loc
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Partecipazioni contabilizzate con il metodo del patrimonio netto</label>
        <loc
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            xlink:type="resource" xml:lang="it">Altre attività non correnti</label>
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            xlink:type="resource" xml:lang="it">Attività fiscali differite</label>
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            xlink:type="resource" xml:lang="it">Attività non correnti</label>
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            xlink:type="resource" xml:lang="it">Rimanenze correnti</label>
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        <label xlink:label="ifrs-full_CurrentContractAssets_resource"
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        <label xlink:label="ifrs-full_CurrentTradeReceivables_resource"
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            xlink:type="resource" xml:lang="it">Attività finanziarie correnti</label>
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            xlink:to="ifrs-full_CurrentFinancialAssets_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_CurrentTaxAssetsCurrent_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Attività fiscali correnti, corrente</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxAssetsCurrent"
            xlink:label="ifrs-full_CurrentTaxAssetsCurrent" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CurrentTaxAssetsCurrent"
            xlink:to="ifrs-full_CurrentTaxAssetsCurrent_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_OtherCurrentAssets_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Altre attività correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentAssets"
            xlink:label="ifrs-full_OtherCurrentAssets" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherCurrentAssets"
            xlink:to="ifrs-full_OtherCurrentAssets_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiAltreAttivitaCorrentiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiAltreAttivitaCorrentiVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiAltreAttivitaCorrentiVersoPartiCorrelate"
            xlink:label="pvn_DiCuiAltreAttivitaCorrentiVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiAltreAttivitaCorrentiVersoPartiCorrelate"
            xlink:to="pvn_DiCuiAltreAttivitaCorrentiVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiAltreAttivitaCorrentiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiAltreAttivitaCorrentiVersoPartiCorrelate</label>
        <label xlink:label="ifrs-full_CashAndCashEquivalents_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Disponibilità liquide e mezzi equivalenti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents"
            xlink:label="ifrs-full_CashAndCashEquivalents" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CashAndCashEquivalents"
            xlink:to="ifrs-full_CashAndCashEquivalents_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_CurrentAssets_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Attività correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets"
            xlink:label="ifrs-full_CurrentAssets" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CurrentAssets"
            xlink:to="ifrs-full_CurrentAssets_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_CurrentAssets_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Attività correnti, [totale]</label>
        <label xlink:label="ifrs-full_Assets_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Attività</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets"
            xlink:label="ifrs-full_Assets" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_Assets"
            xlink:to="ifrs-full_Assets_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_Assets_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Attività, [totale]</label>
        <label xlink:label="ifrs-full_IssuedCapital_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Capitale emesso</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital"
            xlink:label="ifrs-full_IssuedCapital" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_IssuedCapital"
            xlink:to="ifrs-full_IssuedCapital_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_StatutoryReserve_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Riserva legale</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatutoryReserve"
            xlink:label="ifrs-full_StatutoryReserve" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_StatutoryReserve"
            xlink:to="ifrs-full_StatutoryReserve_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_TreasuryShares_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Azioni proprie</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasuryShares"
            xlink:label="ifrs-full_TreasuryShares" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_TreasuryShares"
            xlink:to="ifrs-full_TreasuryShares_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Riserva per le differenze di cambio alla conversione</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation"
            xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ReserveOfExchangeDifferencesOnTranslation"
            xlink:to="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_AltreRiserveEdUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">AltreRiserveEdUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_AltreRiserveEdUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio"
            xlink:label="pvn_AltreRiserveEdUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_AltreRiserveEdUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio"
            xlink:to="pvn_AltreRiserveEdUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_AltreRiserveEdUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">AltreRiserveEdUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio</label>
        <label xlink:label="pvn_RisultatodEsercizioDiGruppo_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">RisultatodEsercizioDiGruppo</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_RisultatodEsercizioDiGruppo"
            xlink:label="pvn_RisultatodEsercizioDiGruppo" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_RisultatodEsercizioDiGruppo"
            xlink:to="pvn_RisultatodEsercizioDiGruppo_resource" xlink:type="arc"/>
        <label xlink:label="pvn_RisultatodEsercizioDiGruppo_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">RisultatodEsercizioDiGruppo</label>
        <label
            xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto attribuibile ai soci della controllante</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent"
            xlink:label="ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_EquityAttributableToOwnersOfParent"
            xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto attribuibile ai soci della controllante, [totale]</label>
        <label xlink:label="ifrs-full_NoncontrollingInterests_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Partecipazioni di minoranza</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests"
            xlink:label="ifrs-full_NoncontrollingInterests" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_NoncontrollingInterests"
            xlink:to="ifrs-full_NoncontrollingInterests_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_Equity_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Equity</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity"
            xlink:label="ifrs-full_Equity" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_Equity"
            xlink:to="ifrs-full_Equity_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_Equity_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto, [totale]</label>
        <label xlink:label="ifrs-full_LongtermBorrowings_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Non-current portion of non-current borrowings</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LongtermBorrowings"
            xlink:label="ifrs-full_LongtermBorrowings" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_LongtermBorrowings"
            xlink:to="ifrs-full_LongtermBorrowings_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Altre passività finanziarie non correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentFinancialLiabilities"
            xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherNoncurrentFinancialLiabilities"
            xlink:to="ifrs-full_OtherNoncurrentFinancialLiabilities_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiPassivitaFinanziarieNonCorrentiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiPassivitaFinanziarieNonCorrentiVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiPassivitaFinanziarieNonCorrentiVersoPartiCorrelate"
            xlink:label="pvn_DiCuiPassivitaFinanziarieNonCorrentiVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiPassivitaFinanziarieNonCorrentiVersoPartiCorrelate"
            xlink:to="pvn_DiCuiPassivitaFinanziarieNonCorrentiVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiPassivitaFinanziarieNonCorrentiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiPassivitaFinanziarieNonCorrentiVersoPartiCorrelate</label>
        <label
            xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Accantonamenti non correnti per i benefici per i dipendenti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits"
            xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_NoncurrentProvisionsForEmployeeBenefits"
            xlink:to="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_OtherLongtermProvisions_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Other non-current provisions</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherLongtermProvisions"
            xlink:label="ifrs-full_OtherLongtermProvisions" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherLongtermProvisions"
            xlink:to="ifrs-full_OtherLongtermProvisions_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_PassivitaNonCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">Passivita non correnti per opzioni concesse ad azionisti di minoranza</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_PassivitaNonCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza"
            xlink:label="pvn_PassivitaNonCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_PassivitaNonCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza"
            xlink:to="pvn_PassivitaNonCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_PassivitaNonCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Passivita non correnti per opzioni concesse ad azionisti di minoranza</label>
        <label
            xlink:label="ifrs-full_OtherNoncurrentLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Altre passività non correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherNoncurrentLiabilities"
            xlink:label="ifrs-full_OtherNoncurrentLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherNoncurrentLiabilities"
            xlink:to="ifrs-full_OtherNoncurrentLiabilities_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiPassivitaNonCorrentiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiPassivitaNonCorrentiVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiPassivitaNonCorrentiVersoPartiCorrelate"
            xlink:label="pvn_DiCuiPassivitaNonCorrentiVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiPassivitaNonCorrentiVersoPartiCorrelate"
            xlink:to="pvn_DiCuiPassivitaNonCorrentiVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiPassivitaNonCorrentiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiPassivitaNonCorrentiVersoPartiCorrelate</label>
        <label xlink:label="ifrs-full_DeferredTaxLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Passività fiscali differite</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities"
            xlink:label="ifrs-full_DeferredTaxLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_DeferredTaxLiabilities"
            xlink:to="ifrs-full_DeferredTaxLiabilities_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_NoncurrentLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Passività non correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilities"
            xlink:label="ifrs-full_NoncurrentLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_NoncurrentLiabilities"
            xlink:to="ifrs-full_NoncurrentLiabilities_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_NoncurrentLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Passività non correnti, [totale]</label>
        <label
            xlink:label="ifrs-full_CurrentPortionOfLongtermBorrowings_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Parte corrente dei finanziamenti non correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentPortionOfLongtermBorrowings"
            xlink:label="ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CurrentPortionOfLongtermBorrowings"
            xlink:to="ifrs-full_CurrentPortionOfLongtermBorrowings_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_ShorttermBorrowings_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Finanziamenti correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShorttermBorrowings"
            xlink:label="ifrs-full_ShorttermBorrowings" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ShorttermBorrowings"
            xlink:to="ifrs-full_ShorttermBorrowings_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_OtherCurrentFinancialLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Altre passività finanziarie correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentFinancialLiabilities"
            xlink:label="ifrs-full_OtherCurrentFinancialLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherCurrentFinancialLiabilities"
            xlink:to="ifrs-full_OtherCurrentFinancialLiabilities_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Debiti commerciali correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"
            xlink:label="ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers"
            xlink:to="ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiDebitiCommercialiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiDebitiCommercialiVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiDebitiCommercialiVersoPartiCorrelate"
            xlink:label="pvn_DiCuiDebitiCommercialiVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiDebitiCommercialiVersoPartiCorrelate"
            xlink:to="pvn_DiCuiDebitiCommercialiVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiDebitiCommercialiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiDebitiCommercialiVersoPartiCorrelate</label>
        <label xlink:label="ifrs-full_CurrentAdvances_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Anticipazioni ricevute correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAdvances"
            xlink:label="ifrs-full_CurrentAdvances" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CurrentAdvances"
            xlink:to="ifrs-full_CurrentAdvances_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_CurrentContractLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Current contract liabilities</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentContractLiabilities"
            xlink:label="ifrs-full_CurrentContractLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CurrentContractLiabilities"
            xlink:to="ifrs-full_CurrentContractLiabilities_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_PassivitaCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">Passivita correnti per opzioni concesse ad azionisti di minoranza</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_PassivitaCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza"
            xlink:label="pvn_PassivitaCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_PassivitaCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza"
            xlink:to="pvn_PassivitaCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_PassivitaCorrentiPerOpzioniConcesseAdAzionistiDiMinoranza_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Passivita correnti per opzioni concesse ad azionisti di minoranza</label>
        <label
            xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Passività fiscali correnti, corrente</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent"
            xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CurrentTaxLiabilitiesCurrent"
            xlink:to="ifrs-full_CurrentTaxLiabilitiesCurrent_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_OtherCurrentLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Altre passività correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCurrentLiabilities"
            xlink:label="ifrs-full_OtherCurrentLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherCurrentLiabilities"
            xlink:to="ifrs-full_OtherCurrentLiabilities_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiAltrePassivitaCorrentiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiAltrePassivitaCorrentiVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiAltrePassivitaCorrentiVersoPartiCorrelate"
            xlink:label="pvn_DiCuiAltrePassivitaCorrentiVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiAltrePassivitaCorrentiVersoPartiCorrelate"
            xlink:to="pvn_DiCuiAltrePassivitaCorrentiVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiAltrePassivitaCorrentiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiAltrePassivitaCorrentiVersoPartiCorrelate</label>
        <label xlink:label="ifrs-full_CurrentLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Passività correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities"
            xlink:label="ifrs-full_CurrentLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CurrentLiabilities"
            xlink:to="ifrs-full_CurrentLiabilities_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_CurrentLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Passività correnti, [totale]</label>
        <label xlink:label="ifrs-full_Liabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Passività</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Liabilities"
            xlink:label="ifrs-full_Liabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_Liabilities"
            xlink:to="ifrs-full_Liabilities_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_Liabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Passività, [totale]</label>
        <label xlink:label="ifrs-full_EquityAndLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto e passività</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities"
            xlink:label="ifrs-full_EquityAndLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_EquityAndLiabilities"
            xlink:to="ifrs-full_EquityAndLiabilities_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_EquityAndLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto e passività, [totale]</label>
        <label xlink:label="ifrs-full_IncomeStatementAbstract_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Utile o perdita [abstract]</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeStatementAbstract"
            xlink:label="ifrs-full_IncomeStatementAbstract" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_IncomeStatementAbstract"
            xlink:to="ifrs-full_IncomeStatementAbstract_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_RevenueFromContractsWithCustomers_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Revenue from contracts with customers</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromContractsWithCustomers"
            xlink:label="ifrs-full_RevenueFromContractsWithCustomers" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_RevenueFromContractsWithCustomers"
            xlink:to="ifrs-full_RevenueFromContractsWithCustomers_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiRicaviDaContrattiClientelaVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiRicaviDaContrattiClientelaVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiRicaviDaContrattiClientelaVersoPartiCorrelate"
            xlink:label="pvn_DiCuiRicaviDaContrattiClientelaVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiRicaviDaContrattiClientelaVersoPartiCorrelate"
            xlink:to="pvn_DiCuiRicaviDaContrattiClientelaVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiRicaviDaContrattiClientelaVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiRicaviDaContrattiClientelaVersoPartiCorrelate</label>
        <label xlink:label="ifrs-full_OtherRevenue_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Other revenue</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherRevenue"
            xlink:label="ifrs-full_OtherRevenue" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherRevenue"
            xlink:to="ifrs-full_OtherRevenue_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_RevenueAndOperatingIncome_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Revenue and other operating income</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueAndOperatingIncome"
            xlink:label="ifrs-full_RevenueAndOperatingIncome" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_RevenueAndOperatingIncome"
            xlink:to="ifrs-full_RevenueAndOperatingIncome_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_RevenueAndOperatingIncome_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Ricavi e altri ricavi operativi, [totale]</label>
        <label
            xlink:label="ifrs-full_RawMaterialsAndConsumablesUsed_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Raw materials and consumables used</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RawMaterialsAndConsumablesUsed"
            xlink:label="ifrs-full_RawMaterialsAndConsumablesUsed" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_RawMaterialsAndConsumablesUsed"
            xlink:to="ifrs-full_RawMaterialsAndConsumablesUsed_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiAcquistiMateriePrimeVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiAcquistiMateriePrimeVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiAcquistiMateriePrimeVersoPartiCorrelate"
            xlink:label="pvn_DiCuiAcquistiMateriePrimeVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiAcquistiMateriePrimeVersoPartiCorrelate"
            xlink:to="pvn_DiCuiAcquistiMateriePrimeVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiAcquistiMateriePrimeVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiAcquistiMateriePrimeVersoPartiCorrelate</label>
        <label xlink:label="ifrs-full_ServicesExpense_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Costi per servizi</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ServicesExpense"
            xlink:label="ifrs-full_ServicesExpense" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ServicesExpense"
            xlink:to="ifrs-full_ServicesExpense_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiCostiPerServiziPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiCostiPerServiziPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiCostiPerServiziPartiCorrelate"
            xlink:label="pvn_DiCuiCostiPerServiziPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiCostiPerServiziPartiCorrelate"
            xlink:to="pvn_DiCuiCostiPerServiziPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiCostiPerServiziPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiCostiPerServiziPartiCorrelate</label>
        <label xlink:label="ifrs-full_EmployeeBenefitsExpense_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Costi per benefici per i dipendenti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EmployeeBenefitsExpense"
            xlink:label="ifrs-full_EmployeeBenefitsExpense" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_EmployeeBenefitsExpense"
            xlink:to="ifrs-full_EmployeeBenefitsExpense_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiCostoDelPersonaleVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiCostoDelPersonaleVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiCostoDelPersonaleVersoPartiCorrelate"
            xlink:label="pvn_DiCuiCostoDelPersonaleVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiCostoDelPersonaleVersoPartiCorrelate"
            xlink:to="pvn_DiCuiCostoDelPersonaleVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiCostoDelPersonaleVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiCostoDelPersonaleVersoPartiCorrelate</label>
        <label
            xlink:label="ifrs-full_OtherOperatingIncomeExpense_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Other operating income (expense)</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherOperatingIncomeExpense"
            xlink:label="ifrs-full_OtherOperatingIncomeExpense" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherOperatingIncomeExpense"
            xlink:to="ifrs-full_OtherOperatingIncomeExpense_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Depreciation, amortisation and impairment loss (reversal of impairment loss) recognised in profit or loss</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"
            xlink:label="ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"
            xlink:to="ifrs-full_DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiAmmortamentieSvalutazioniVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiAmmortamentieSvalutazioniVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiAmmortamentieSvalutazioniVersoPartiCorrelate"
            xlink:label="pvn_DiCuiAmmortamentieSvalutazioniVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiAmmortamentieSvalutazioniVersoPartiCorrelate"
            xlink:to="pvn_DiCuiAmmortamentieSvalutazioniVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiAmmortamentieSvalutazioniVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiAmmortamentieSvalutazioniVersoPartiCorrelate</label>
        <label xlink:label="ifrs-full_ExpenseByNature_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Costi, per natura</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseByNature"
            xlink:label="ifrs-full_ExpenseByNature" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ExpenseByNature"
            xlink:to="ifrs-full_ExpenseByNature_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_ExpenseByNature_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Costi, per natura, [totale]</label>
        <label
            xlink:label="ifrs-full_ProfitLossFromOperatingActivities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Profit (loss) from operating activities</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities"
            xlink:label="ifrs-full_ProfitLossFromOperatingActivities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ProfitLossFromOperatingActivities"
            xlink:to="ifrs-full_ProfitLossFromOperatingActivities_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_ProfitLossFromOperatingActivities_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Utile (perdita) derivante da attività operative, [totale]</label>
        <label xlink:label="ifrs-full_FinanceIncome_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Proventi finanziari</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncome"
            xlink:label="ifrs-full_FinanceIncome" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_FinanceIncome"
            xlink:to="ifrs-full_FinanceIncome_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_FinanceCosts_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Oneri finanziari</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceCosts"
            xlink:label="ifrs-full_FinanceCosts" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_FinanceCosts"
            xlink:to="ifrs-full_FinanceCosts_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiOneriFinanziariVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiOneriFinanziariVersoPartiCorrelate</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_DiCuiOneriFinanziariVersoPartiCorrelate"
            xlink:label="pvn_DiCuiOneriFinanziariVersoPartiCorrelate" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_DiCuiOneriFinanziariVersoPartiCorrelate"
            xlink:to="pvn_DiCuiOneriFinanziariVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiOneriFinanziariVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiOneriFinanziariVersoPartiCorrelate</label>
        <label
            xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Foreign exchange gain (loss)</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"
            xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"
            xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Increase (decrease) in fair value measurement, liabilities</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities"
            xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities"
            xlink:to="ifrs-full_IncreaseDecreaseInFairValueMeasurementLiabilities_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Quota dell'utile (perdita) di società collegate e joint venture contabilizzate con il metodo del patrimonio netto</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
            xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
            xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_ProfitLossBeforeTax_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Utile (perdita) prima delle imposte</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax"
            xlink:label="ifrs-full_ProfitLossBeforeTax" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ProfitLossBeforeTax"
            xlink:to="ifrs-full_ProfitLossBeforeTax_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_ProfitLossBeforeTax_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Utile (perdita) prima delle imposte, [totale]</label>
        <label
            xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Oneri (proventi) fiscali</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"
            xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations"
            xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_ProfitLoss_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Utile (perdita)</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss"
            xlink:label="ifrs-full_ProfitLoss" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ProfitLoss"
            xlink:to="ifrs-full_ProfitLoss_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_ProfitLoss_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Utile (perdita), [totale]</label>
        <label
            xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Utile (perdita), attribuibile ai soci della controllante</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"
            xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent"
            xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Utile (perdita), attribuibile alle partecipazioni di minoranza</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"
            xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests"
            xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_BasicEarningsLossPerShare_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Utile base (perdita) per azione</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsLossPerShare"
            xlink:label="ifrs-full_BasicEarningsLossPerShare" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_BasicEarningsLossPerShare"
            xlink:to="ifrs-full_BasicEarningsLossPerShare_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_DilutedEarningsLossPerShare_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Utile diluito (perdita) per azione</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutedEarningsLossPerShare"
            xlink:label="ifrs-full_DilutedEarningsLossPerShare" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_DilutedEarningsLossPerShare"
            xlink:to="ifrs-full_DilutedEarningsLossPerShare_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Prospetto di conto economico complessivo [abstract]</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract"
            xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_StatementOfComprehensiveIncomeAbstract"
            xlink:to="ifrs-full_StatementOfComprehensiveIncomeAbstract_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Utili (perdite) derivanti dalle differenze di cambio alla conversione, al netto delle imposte</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax"
            xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax"
            xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Altre componenti di conto economico complessivo, al netto delle imposte, utili (perdite) da rivalutazioni dei piani a benefici definiti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"
            xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"
            xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_AttualizzazioneFondoPerIndennitaSupplettivaClientela_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">Attualizzazione Fondo per indennita supplettiva clientela</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_AttualizzazioneFondoPerIndennitaSupplettivaClientela"
            xlink:label="pvn_AttualizzazioneFondoPerIndennitaSupplettivaClientela" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_AttualizzazioneFondoPerIndennitaSupplettivaClientela"
            xlink:to="pvn_AttualizzazioneFondoPerIndennitaSupplettivaClientela_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_AttualizzazioneFondoPerIndennitaSupplettivaClientela_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Attualizzazione Fondo per indennita supplettiva clientela</label>
        <label xlink:label="ifrs-full_ComprehensiveIncome_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Conto economico complessivo</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome"
            xlink:label="ifrs-full_ComprehensiveIncome" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ComprehensiveIncome"
            xlink:to="ifrs-full_ComprehensiveIncome_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_ComprehensiveIncome_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Conto economico complessivo, [totale]</label>
        <label
            xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Conto economico complessivo, attribuibile ai soci della controllante</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"
            xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"
            xlink:to="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Conto economico complessivo, attribuibile alle partecipazioni di minoranza</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"
            xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"
            xlink:to="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_StatementOfChangesInEquityAbstract_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Prospetto delle variazioni di patrimonio netto [abstract]</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfChangesInEquityAbstract"
            xlink:label="ifrs-full_StatementOfChangesInEquityAbstract" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_StatementOfChangesInEquityAbstract"
            xlink:to="ifrs-full_StatementOfChangesInEquityAbstract_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_StatutoryReserveMember_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Riserva legale [member]</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatutoryReserveMember"
            xlink:label="ifrs-full_StatutoryReserveMember" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_StatutoryReserveMember"
            xlink:to="ifrs-full_StatutoryReserveMember_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto attribuibile ai soci della controllante [member]</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"
            xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_EquityAttributableToOwnersOfParentMember"
            xlink:to="ifrs-full_EquityAttributableToOwnersOfParentMember_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto attribuibile ai soci della controllante [member], [totale]</label>
        <label xlink:label="ifrs-full_IssuedCapitalMember_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Capitale emesso [member]</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapitalMember"
            xlink:label="ifrs-full_IssuedCapitalMember" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_IssuedCapitalMember"
            xlink:to="ifrs-full_IssuedCapitalMember_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_TreasurySharesMember_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Azioni proprie [member]</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasurySharesMember"
            xlink:label="ifrs-full_TreasurySharesMember" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_TreasurySharesMember"
            xlink:to="ifrs-full_TreasurySharesMember_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Riserva per le differenze di cambio alla conversione [member]</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"
            xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"
            xlink:to="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_AltreRiserveEUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">AltreRiserveEUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_AltreRiserveEUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio"
            xlink:label="pvn_AltreRiserveEUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio" xlink:type="locator"/>
        <labelArc
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            xlink:from="pvn_AltreRiserveEUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio"
            xlink:to="pvn_AltreRiserveEUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio_resource" xlink:type="arc"/>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">AltreRiserveEUtiliIndivisiEsclusoUtileDiGruppoDellEsercizio</label>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">RisultatodEsercizioAzionistiDellaControllante</label>
        <loc
            xlink:href="piovanspa-2021-12-31.xsd#pvn_RisultatodEsercizioAzionistiDellaControllante"
            xlink:label="pvn_RisultatodEsercizioAzionistiDellaControllante" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_RisultatodEsercizioAzionistiDellaControllante"
            xlink:to="pvn_RisultatodEsercizioAzionistiDellaControllante_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_RisultatodEsercizioAzionistiDellaControllante_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">RisultatodEsercizioAzionistiDellaControllante</label>
        <label
            xlink:label="ifrs-full_NoncontrollingInterestsMember_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Non-controlling interests [member]</label>
        <loc
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            xlink:label="ifrs-full_NoncontrollingInterestsMember" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_NoncontrollingInterestsMember"
            xlink:to="ifrs-full_NoncontrollingInterestsMember_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_NoncontrollingInterestsMember_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Partecipazioni di minoranza [member], [totale]</label>
        <label xlink:label="ifrs-full_Equity_resource"
            xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto, [inizio]</label>
        <label xlink:label="ifrs-full_Equity_resource"
            xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"
            xlink:type="resource" xml:lang="it">Patrimonio netto, [fine]</label>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Increase (decrease) through appropriation of retained earnings, equity</label>
        <loc
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        <labelArc
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            xlink:from="ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings"
            xlink:to="ifrs-full_IncreaseDecreaseThroughAppropriationOfRetainedEarnings_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_DividendsPaid_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Dividendi rilevati come distribuzioni ai soci</label>
        <loc
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            xlink:label="ifrs-full_DividendsPaid" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_DividendsPaid"
            xlink:to="ifrs-full_DividendsPaid_resource" xlink:type="arc"/>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Aumento (diminuzione) a seguito di operazioni con pagamento basato su azioni, patrimonio netto</label>
        <loc
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            xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"
            xlink:to="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_resource" xlink:type="arc"/>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Increase (decrease) through acquisition of subsidiary, equity</label>
        <loc
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            xlink:label="ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary"
            xlink:to="ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary_resource" xlink:type="arc"/>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Aumento (diminuzione) a seguito di variazioni dell'interessenza partecipativa in controllate che non comportano una perdita del controllo, patrimonio netto</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl"
            xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl"
            xlink:to="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_OtherComprehensiveIncome_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Other comprehensive income</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome"
            xlink:label="ifrs-full_OtherComprehensiveIncome" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherComprehensiveIncome"
            xlink:to="ifrs-full_OtherComprehensiveIncome_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_StatementOfCashFlowsAbstract_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Rendiconto finanziario [abstract]</label>
        <loc
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            xlink:label="ifrs-full_StatementOfCashFlowsAbstract" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_StatementOfCashFlowsAbstract"
            xlink:to="ifrs-full_StatementOfCashFlowsAbstract_resource" xlink:type="arc"/>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Rettifiche per svalutazioni e ammortamenti</label>
        <loc
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            xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"
            xlink:to="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_resource" xlink:type="arc"/>
        <label xlink:label="ifrs-full_AdjustmentsForProvisions_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Rettifiche per accantonamenti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForProvisions"
            xlink:label="ifrs-full_AdjustmentsForProvisions" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForProvisions"
            xlink:to="ifrs-full_AdjustmentsForProvisions_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_AdjustmentsForFinanceIncomeCost_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Rettifiche per i proventi (oneri) finanziari</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForFinanceIncomeCost"
            xlink:label="ifrs-full_AdjustmentsForFinanceIncomeCost" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForFinanceIncomeCost"
            xlink:to="ifrs-full_AdjustmentsForFinanceIncomeCost_resource" xlink:type="arc"/>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">Variazione dei fondi per rischi e oneri e passivita per benefici ai dipendenti</label>
        <loc
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            xlink:label="pvn_VariazioneDeiFondiPerRischiEOneriEPassivitaPerBeneficiAiDipendenti" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_VariazioneDeiFondiPerRischiEOneriEPassivitaPerBeneficiAiDipendenti"
            xlink:to="pvn_VariazioneDeiFondiPerRischiEOneriEPassivitaPerBeneficiAiDipendenti_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_VariazioneDeiFondiPerRischiEOneriEPassivitaPerBeneficiAiDipendenti_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Variazione dei fondi per rischi e oneri e passivita per benefici ai dipendenti</label>
        <label
            xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Rettifiche per plusvalenze o minusvalenze patrimoniali derivanti dalla vendita di attività non correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"
            xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"
            xlink:to="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_VariazioniNonMonetarieLegateAPassivitaPerOpzioniConcesseAdAzionistiDiMinoranza_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">Variazioni non monetarie legate a passivita per opzioni concesse ad azionisti di minoranza</label>
        <loc
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            xlink:label="pvn_VariazioniNonMonetarieLegateAPassivitaPerOpzioniConcesseAdAzionistiDiMinoranza" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="pvn_VariazioniNonMonetarieLegateAPassivitaPerOpzioniConcesseAdAzionistiDiMinoranza"
            xlink:to="pvn_VariazioniNonMonetarieLegateAPassivitaPerOpzioniConcesseAdAzionistiDiMinoranza_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_VariazioniNonMonetarieLegateAPassivitaPerOpzioniConcesseAdAzionistiDiMinoranza_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Variazioni non monetarie legate a passivita per opzioni concesse ad azionisti di minoranza</label>
        <label
            xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Adjustments for undistributed profits of investments accounted for using equity method</label>
        <loc
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            xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod"
            xlink:to="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Other adjustments for non-cash items</label>
        <loc
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            xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_OtherAdjustmentsForNoncashItems"
            xlink:to="ifrs-full_OtherAdjustmentsForNoncashItems_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Rettifiche per le imposte sul reddito</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncomeTaxExpense"
            xlink:label="ifrs-full_AdjustmentsForIncomeTaxExpense" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForIncomeTaxExpense"
            xlink:to="ifrs-full_AdjustmentsForIncomeTaxExpense_resource" xlink:type="arc"/>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Flussi finanziari derivanti da (usati in) attività operative prima delle variazioni del capitale circolante</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital"
            xlink:label="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital"
            xlink:to="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_resource" xlink:type="arc"/>
        <label
            xlink:label="ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital_resource"
            xlink:role="http://www.xbrl.org/2003/role/totalLabel"
            xlink:type="resource" xml:lang="it">Flussi finanziari derivanti da (usati in) attività operative prima delle variazioni del capitale circolante, [totale]</label>
        <label
            xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Adjustments for decrease (increase) in trade accounts receivable</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable"
            xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable"
            xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiIncrementoDecrementoCreditiCommercialiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/label"
            xlink:type="resource" xml:lang="it">DiCuiIncrementoDecrementoCreditiCommercialiVersoPartiCorrelate</label>
        <loc
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        <labelArc
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            xlink:from="pvn_DiCuiIncrementoDecrementoCreditiCommercialiVersoPartiCorrelate"
            xlink:to="pvn_DiCuiIncrementoDecrementoCreditiCommercialiVersoPartiCorrelate_resource" xlink:type="arc"/>
        <label
            xlink:label="pvn_DiCuiIncrementoDecrementoCreditiCommercialiVersoPartiCorrelate_resource"
            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">DiCuiIncrementoDecrementoCreditiCommercialiVersoPartiCorrelate</label>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Rettifiche per la diminuzione (aumento) delle rimanenze</label>
        <loc
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            xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:type="locator"/>
        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories"
            xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_resource" xlink:type="arc"/>
        <label
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Rettifiche per la diminuzione (aumento) delle altre attività correnti</label>
        <loc
            xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets"
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        <labelArc
            xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
            xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets"
            xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherCurrentAssets_resource" xlink:type="arc"/>
        <label
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            xlink:type="resource" xml:lang="it">Flussi finanziari derivanti da (usati in) attività operative</label>
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            xlink:type="resource" xml:lang="it">Pagamenti dovuti a modifiche nelle interessenze partecipative nelle controllate che non comportano una perdita del controllo</label>
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Dividendi pagati, classificati come attività di finanziamento</label>
        <loc
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        <label
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            xlink:type="resource" xml:lang="it">Flussi finanziari derivanti da (usati in) attività di finanziamento</label>
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            xlink:type="resource" xml:lang="it">Flussi finanziari derivanti da (usati in) attività di finanziamento, [totale]</label>
        <label
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            xlink:type="resource" xml:lang="it">Aumento (diminuzione) di disponibilità liquide e mezzi equivalenti al lordo dell'effetto delle variazioni del tasso di cambio</label>
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            xlink:type="resource" xml:lang="it">Aumento (diminuzione) di disponibilità liquide e mezzi equivalenti al lordo dell'effetto delle variazioni del tasso di cambio, [totale]</label>
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Effetto delle variazioni del tasso di cambio su disponibilità liquide e mezzi equivalenti</label>
        <loc
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            xlink:type="resource" xml:lang="it">Disponibilità liquide e mezzi equivalenti, [inizio]</label>
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            xlink:type="resource" xml:lang="it">Disponibilità liquide e mezzi equivalenti, [fine]</label>
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            xlink:role="http://www.xbrl.org/2003/role/verboseLabel"
            xlink:type="resource" xml:lang="it">Interessi pagati, classificati come attività operativa</label>
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